Maybe you guys missed it, however a CR is already planed in and approval for it is thought in the following resolution during the February 28th General Meeting!
APPROVAL FOR FUTURE ISSUE OF SHARES Resolution 7
8.1 Background
Resolution 7 seeks Shareholder approval for the issue of up to 300,000,000 Shares. The capital raising will be undertaken via the issue of Shares to sophisticated and professional investors pursuant to section 708 of the Corporations Act.
The Company intends to use the funds from the capital raising towards progressing the Company’s Maniema Gold Project (including resource definition drilling, assaying and test work), the identification of new project opportunities in the resource sector, costs of the offer and for additional working capital. The level and
nature of work undertaken on the Maniema Gold Project will be dependent on the results of first pass drilling.
